How much does a fork weigh ounce or a pound?
Answers
Answer:
Explanation:
The calculators automatically subtract the weight of the "non" precious metal content from the weight you enter. The remainder (which is .999 pure precious metal), is then converted to troy ounces and multiplied by the spot price to give you the gross melt value. The "gross melt value" represents the current value of the raw metal without any fees normally associated with a transaction. If you would like to see the "net" value of your goods, you can enter a profit or loss percentage into the input box provided on the calculators and the net or "Profit\Loss" value will be displayed alongside the gross value.
Note: If you purchase coins or bullion from a dealer, then you can expect to pay a premium. The dealer tacks on a certain percentage over the the current spot price. When you sell precious metal, the buyer will sometimes subtract a certain percentage from the current melt value.